DALLAS–(BUSINESS WIRE)–Southcross Holdings LP (“Southcross Holdings”) recently placed in service the second of two natural gas liquids (NGL) fractionation trains at its Robstown Fractionator (“Robstown”) near Corpus Christi, Texas, which brings Robstown’s total capacity to 63,000 Bbls/d.
Southcross Holdings owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross”), limited partner interests in Southcross and multiple Eagle Ford based midstream assets. The assets at Southcross Holdings, including Robstown, are available for drop-down into Southcross.
The completion of Robstown, together with the existing Southcross fractionation assets, provides Southcross with sufficient capacity to meet its current and projected growth needs for Y-grade produced from its existing natural gas processing complex. The completion of the second Robstown fractionation train is an important milestone in the development of its integrated processing and fractionation complex, allowing Southcross to deliver additional purity NGL products from the Robstown facility to customers in the Corpus Christi area.
In addition, Southcross has completed a Y-grade pipeline connecting its Gregory processing facility to the Bonnie View and Robstown fractionators. All three of the Southcross South Texas processing facilities are now connected to both Robstown and Bonnie View providing greater flexibility to maximize economics and NGL recoveries. Southcross’ integrated South Texas processing and fractionation complex is a critical component of the Southcross Advantage, providing enhanced operational efficiency and reliability that benefits both Southcross and its customers.
“The completion of Robstown and the Y-grade pipeline connecting our Gregory processing plant further enhance the value of our integrated South Texas system of assets and provides us with capacity to support future growth,” said John Bonn, President and Chief Executive Officer of Southcross’ general partner. “Robstown is well positioned to meet the growing needs of the petrochemical, industrial and export demand in the Corpus Christi area and it is ideally suited for potential drop-down to Southcross.”
About Southcross Holdings LP
Dallas, Texas based Southcross Holdings LP owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross, as well as a portion of Southcross’ common units, all of Southcross’ subordinated units and all of Southcross’ Class B convertible units. Southcross Holdings also owns gathering, treating and fractionating assets in South Texas.
About Southcross Energy Partners, L.P.
Dallas, Texas based Southcross Energy Partners, L.P. (NYSE:SXE) is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include four gas processing plants, two fractionation plants and approximately 3,200 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Visit www.southcrossenergy.com for more information.
This press release includes certain statements concerning expectations for the future that are forward-looking as defined under federal securities laws. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words “expect,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “will be,” “will continue,” “will likely result,” and similar expressions, or future conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although Southcross believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, Southcross can give no assurance they will prove to be correct. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management’s control) that may cause Southcross’ actual results in future periods to differ materially from anticipated or projected results. These risks and uncertainties are described in Southcross’ Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. Any forward-looking statements in this press release are made as of the date hereof and Southcross undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.